Maritana Minerals Limited · ASX:MRT
Maritana Minerals — Horizon Minerals — Shareholder Meeting (November 2023)
23 slides from Maritana Minerals's shareholder meeting presentation, Nov 24, 2023
Slide 1: CEO Presentation (Amended) – Annual General Meeting 20 November 2023
For personal use only CEO PRESENTATION (AMENDED) Annual General Meeting – 20 November 2023
Slide 2: Important disclaimers
Important disclaimers Nature of Document They include indications of, and guidance on, future earnings, cash flow, costs and financial performance. Forward looking statements include, but are not limited to, statements preceded by words such as “planned”, For personal use only This Presentation is p
Slide 3: Corporate summary
Corporate summary Capital Structure 1 For personal use only Shares M 700.9 5% Board Listed Options M 51.8 Share price A$ 0.031 Top 20 (ex 40% 55% Board) Market capitalisation A$M 21.7 Other Cash and listed investments A$M 14.8 Debt A$M 7.7 Enterprise value A$M 14.6 $0.08 7,000,000 $0.07 6,000,000 $0
Slide 4: Projects overview
Projects overview A premium gold mining address in the heart of the WA Goldfields For personal use only • Mineral Resources of 1.26Moz gold • Total landholding of ~1,040km2 with 342km2 under option agreements • Projects located around existing gold processing facilities and the mining centre of Kalg
Slide 5: Growth strategy
Growth strategy Generating cash under a contract/JV mining and toll milling model For personal use only Utilise existing regional Develop a series of low First mine at Cannon processing facilities tonnage, high-grade followed by Penny’s Find under a toll milling/joint gold mines and Rose Hill ventur
Slide 6: Repositioning the business
Repositioning the business Building a stronger foundation to support the growth strategy For personal use only • Divestment and monetisation of non-core assets to reduce overheads and expenditure commitments • Reduction in corporate costs to align with current toll milling/joint venture operating mo
Slide 7: Portfolio optimisation
Portfolio optimisation Successful divestment of non-core projects to build shareholder value For personal use only • Divestment of non-core assets and sale of Date Project Area Counterparty Consideration (A$) listed investments generated proceeds of A$8.9 million in the past ~18 months 11/08/22 Kang
Slide 8: Cannon Gold Operation
Cannon Gold Operation For personal use only Fully approved All mining and development works approvals secured Fully funded US$5 million facility with Nebari Partners fully drawn First gold in 2024 Subject to a final investment decision by Horizon’s Board 8
Slide 9: Cannon Gold Operation – Pre-Feasibility Study
Cannon Gold Operation Pre-Feasibility Study shows a high-returning first mining project For personal use only • Maiden Ore Reserve of 135kt grading 4.1g/t Au for 17,680oz Measure PFS Outcome Lateral Development 1,264m • Potential for further growth down plunge and along strike Vertical Development 1
Slide 10: Mining pipeline
Mining pipeline Potential mining projects to follow Cannon For personal use only Penny’s Find Rose Hill Cannon Area MRE: 43,000oz at 5.0g/t MRE: 74,900oz at 4.6g/t • Monument and Pinner targets located within • Previous open pit mined • Mine evaluation and 1km of Cannon 18,350oz infrastructure revie
Slide 11: Resource extensions
Resource extensions Penny’s Find mining centre open to the north and at depth For personal use only • Drilling at Penny’s Find in the June quarter confirms the northern high grade plunge is open at depth • A two hole RC program was completed in the September quarter to support conversion to an Ore R
Slide 12: Project generation
Project generation Numerous high quality exploration and development opportunities centred on Boorara For personal use only • Potential open cut and underground options being investigated in the Boorara deeps where thick, high-grade mineralisation has been drilled (e.g., BODH027 57m @ 2.97g/t Au) at
Slide 13: Project generation – Binduli North
Project generation High quality exploration opportunities abound at Binduli North For personal use only • Resource base expansion at the Crake/Coote projects (currently 87,450oz Au) • Further drilling planned at Kestrel and Honeyeater prospects, where significant high grade mineralisation was discov
Slide 14: Nimbus silver-zinc deposit
Nimbus silver-zinc deposit A high-grade VHMS system on the edge of Kalgoorlie For personal use only • Mineral Resource containing 20.2Moz silver and 104kt zinc • High-grade lode containing 6.4Moz silver (774g/t) and 33kt zinc (12.8%) • Potential to extend mineralisation along strike and at depth bel
Slide 15: Project generation – Lithium
Project generation – Lithium Strategic location in a world-class lithium producing district For personal use only • Recent purchase of two lithium prospects (Bridgetown-Greenbushes package) for $75k cash and 4.0M Horizon shares • Five additional Exploration Licence applications to consolidated landh
Slide 16: Our sustainability journey
Our sustainability journey Pathway to growing a sustainable and profitable business For personal use only Objective Our journey Data driven ESG strategy To go beyond our obligations Sustainability is a journey and As our organisation grows and and to continuously look for it is a business imperative
Slide 17: Our sustainability strategy
Our sustainability strategy Practical, data driven and fit for business scale For personal use only Established our Environmental, Social, Collected and verified our data against Governance (ESG) baseline early international metrics Aligned with global Sustainable Conducted gap analysis and identifi
Slide 18: Investment highlights
Investment highlights A WA Goldfields gold production and discovery growth story For personal use only Growth strategy reset to Utilise existing regional Attractive valuation with a sequence of low gold processing facilities a low enterprise value tonnage, high grade and under a contract/joint and t
Slide 19: Contact
For personal use only Contact Grant Haywood Chief Executive Officer +61 (08) 9386 9534 admin@horizonminerals.com.au www.horizonminerals.com.au PO Box 1104 Nedlands WA 6909 19
Slide 20: Mineral Resource Estimate – Gold deposits
Mineral Resource Estimate Gold deposits For personal use only Cutoff Measured Indicated Inferred Total Project Au g/t Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Mt Au g/t Oz Boorara OP 0.5 1.28 1.23 50,630 7.19 1.27 294,140 2.6 1.3 103,470 11.03 1.26 448,240 Golden Ridge 1.0 0.47 1.83 27,920 0.1 1.7 2,8
Slide 21: Ore Reserve Estimate – Cannon gold deposit
Ore Reserve Estimate Cannon gold deposit For personal use only Category Tonnes Au (g/t) Ounces Proven Reserve – – – Probable Reserve 135,000 4.1 17,680 Total Reserve 135,000 4.1 17,680 Refer to ASX announcement 29 March 2022 for full disclaimers and JORC Table 1. 21
Slide 22: Mineral Resource Estimate – Nimbus silver-zinc project
Mineral Resource Estimate Nimbus silver-zinc project For personal use only Nimbus All Lodes (bottom cuts 12 g/t Ag, 0.5% Zn, 0.3g/t Au) Category Mt Ag (g/t) Au (g/t) Zn (%) Ag (Moz) Au (kt) Zn (kt) Measured Resource 3.62 102 0.09 1.2 11.9 10 45 Indicated Resource 3.18 48 0.21 1.0 4.9 21 30 Inferred
Slide 23: Mineral Resource disclosure – Competent Person Statements
Mineral Resource disclosure Competent Person Statements For personal use only The information in this presentation that relates to Mineral Resources is based on information compiled by Mr David O’Farrell, other than for Golden Ridge North and Monument. Mr O’Farrell is a Member of the Australasian In
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